Sunday, June 26, 2022

This week on SUDS, the Startup Daily TV podcast: Unstablecoins, cryptocrash, GD1 supports web3, a plea for political vision

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Every week on the Start up daily TV showwe talk to more than two dozen founders, CEOs, investors and experts about what’s happening in technology.

Now you can see the best of the show with the weekly podcast, SUDS.

It’s been a rough week for technology stocks and crypto, as well as investors, with US venture capital giant Tiger Global seeing $17 billion in hedge fund losses (SoftBank fell $26 billion).

But that’s nothing for algorithmic stablecoin Terra USD’s collapse, Coinbase’s losses and the plunge in cryptocurrencies in general, with Bitcoin dropping below $27,000.

On the show this week, we spoke to PD Silva of Geminio, who outlined 4 key reasons for Terra and Luna’s collapse. Silva also explained why it will happen again and the issues with the Terra model.

Sticking to crypto, the first crypto ETFs launched in Australia this week, and with an imminent election and Labor in the polls, we spoke to NSW Liberal Senator Andrew Bragg, a leading advocate for embracing digital assets in Australia, on the way forward for his proposals.

Meanwhile, New Zealand VC Global is building a US$5 million crypto fund from day 1 (GD1) to support DeFi, DAOs, NFTs, web3 and crypto infrastructure. GD1 partner Vignesh Kumar and fund partner Nawaz Ahmed took us into their plans.

The problem with three-year election cycles is that they can lead to short-termism. Sally-Ann Williams, CEO of Cicada Innovations, spoke to us about thinking big and her hopes for the nation, innovation and a long-term vision, explaining why it’s so important to our success.

Listen to SUDS:

Presenters: Simon Thomsen and Eliot Hastie

Producer: Jaxson McLennan

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